The Top 25 Brokerages listing is based on information provided by participating companies. Brokers were asked to provide the total dollar value of leasing transactions and investment sales during 2001. The totals were combined to determine the company's ranking.

1. Insignia/ESG Inc.
200 Park Ave.
New York, NY 10166
Phone: (212) 984-7116
Fax: (212) 984-8040
Web site: www.insigniaesg.com

Officers:
Stephen B. Siegel, Chairman/CEO; Ronald Uretta, President/COO; John G. Combs, President, U.S. Property Services

Total Amount of Investment Sales & Leasing Transactions: $48 billion
--Investment Sales: $9 billion
--Leasing Transactions: $39 billion

2. Cushman & Wakefield
51 W. 52nd St.
New York, NY 10019-6178
Phone: (212) 841-7500
Fax: (212) 841-7767
Web site: www.cushwake.com

Officers:
Arthur J. Mirante II, President/CEO; Bruce E. Mosler, President, U.S. Operations; John C. Cushman III, Chairman

Total Amount of Investment Sales & Leasing Transactions: $37.7 billion
--Investment Sales: $11.3 billion
--Leasing Transactions: $26.4 billion

3. CB Richard Ellis
355 S. Grand Ave., Suite 3100
Los Angeles, CA 90071
Phone: (213) 613-3333
Fax: (213) 613-3005
E-mail: info@cbre.com
Web site: www.cbre.com

Officers:
Raymond Wirta, CEO; Brett White, President; Calvin Frese, COO, Americas

Total Amount of Investment Sales & Leasing Transactions: $32.4 billion
--Investment Sales: $14.2 billion
--Leasing Transactions: $18.2 billion

4. Colliers International
84 State St.
Boston, MA 02109
Phone: (617) 722-0221
Fax: (617) 722-0224
Web site: www.colliers.com

Officers:
Margaret Wigglesworth, President; Mark Burkhart, Chairman; Margaret Carlson, Sr. VP, Operations

Total Amount of Investment Sales & Leasing Transactions: $27.98 billion
--Investment Sales: $13.25 billion
--Leasing Transactions: $14.73 billion

5. NAI
572 Rte. 130
Hightstown, NJ 08520
Phone: (609) 448-4700
Fax: (609) 448-8126
Web site: www.naidirect.com

Officers:
Gerald Finn, Chairman/CEO; Jeffrey Finn, President/COO; David Blanchard, Exec VP

Total Amount of Investment Sales & Leasing Transactions: $25 billion

6. The Core Network
15150 Preston Rd., Suite 300
Dallas, TX 75248
Phone: (972) 980-3994
Fax: (972) 980-3993
E-mail: srickard@corenetwork.org
Web site: www.corenetwork.org

Officers:
Scott Rickard, President; Perry Morita, VP; Mark Daniel, Director, Business Development

Total Amount of Investment Sales & Leasing Transactions: $16.7 billion
--Investment Sales: $11.8 billion
--Leasing Transactions: $4.9 billion

7. The Staubach Co.
15601 Dallas Pkwy., Suite 400
Addison, TX 75001
Phone: (972) 361-5000
Fax: (972) 361-5915
Web site: www.staubach.com

Officers:
Roger Staubach, Chairman/CEO; Elysia Holt Ragusa, President, Staubach Real Estate Services; Ka Cotter, Vice Chairman

Total Amount of Investment Sales & Leasing Transactions: $12.3 billion
--Investment Sales: $12.3 billion

7. Trammell Crow Co.
2001 Ross Ave., Suite 3400
Dallas, TX 75201
Phone: (214) 863-3000
Fax: (214) 863-3138
E-mail: lraflowitz@trammellcrow.com
Web site: www.trammellcrow.com

Officers:
Robert E. Sulentic, Chairman/CEO; H. Pryon Blackwell, President, Development and Investment Group; William F. Concannon, President, Global Services Group

Total Amount of Investment Sales & Leasing Transactions: $12.3 billion
--Investment Sales: $4.4 billion
--Leasing Transactions: $7.9 billion

9. TCN Worldwide
2419 Coit Rd., Suite A.
Plano, TX 75075
Phone: (972) 769-8701
Fax: (972) 769-8401
E-mail: ccrow@tcnworldwide.com
Web site: www.tcnworldwide.com

Officers:
H. Ross Ford, President; Herb Agin, Chairman; Bram White, Vice Chairman

Total Amount of Investment Sales & Leasing Transactions: $11.4 billion
--Investment Sales: $3.86 billion
--Leasing Transactions: $7.58 billion

10. Grubb & Ellis Co.
55 E. 59th St.
New York, NY 10022-1112
Phone: (212) 759-9700
Fax: (212) 326-4903
Web site: www.grubb-ellis.com

Officers:
Barry M. Barovick, President/CEO; Mark R. Costello, COO; Ian Y. Bress, CFO

Total Amount of Investment Sales & Leasing Transactions: $10.7 billion
--Investment Sales: $2.6 billion
--Leasing Transactions: $8.1 billion

11. Coldwell Banker Commercial
One Campus Dr.
Parsippany, NJ 07054
Phone: (800) 222-2162
Fax: (973) 496-0199
Web site: www.coldwellbankercommercial.com

Officers:
Jerry D. Anderson, President; Jacklene Chesler, VP, Operations & Marketing; Mark Polon, VP, Commercial Services

Total Amount of Investment Sales & Leasing Transactions: $10.1 billion
--Investment Sales: $4 billion
--Leasing Transactions: $6.1 billion

12. Marcus & Millichap Real Estate Investment Brokerage Co.
First Financial Plaza
16830 Ventura Blvd., Suite 352
Encino, CA 91436
Phone: (818) 907-0600
Fax: (818) 501-7437
E-mail: lgray@marcusmillichap.com
Web site: www.marcusmillichap.com

Officers:
George M. Marcus, Chairman; William A. Millichap, Chairman; Harvey E. Green, President/CEO

Total Amount of Investment Sales & Leasing Transactions: $6.4 billion
--Investment Sales: $6.4 billion

13. Julien J. Studley Inc.
300 Park Ave., 3rd Floor
New York, NY 10022-5313
Phone: (212) 326-1000
Fax: (212) 326-1034
E-mail: info@studley.com
Web site: www.studley.com

Officers:
Julien J. Studley, CEO/Chairman; Jacque Ducharme, President; Nicholas E. Borg, COO

Total Amount of Investment Sales & Leasing Transactions: $5.4 billion
--Investment Sales: $782.1 million
--Leasing Transactions: $4.6 billion


14. Newmark & Co. Real Estate Inc.
125 Park Ave.
New York, NY 10017
Phone: (212) 372-2000
Fax: (212) 372-2426
E-mail: jrader@newmarkre.com
Web site: www.newmarkre.com

Officers:
Jeffrey Gural, Chairman; Barry Gosin, Vice Chairman/CEO; James Kuhn, President

Total Amount of Investment Sales & Leasing Transactions: $5 billion
--Investment Sales: $514 million
--Leasing Transactions: $4.5 billion


15. CRESA Partners LLC
The Chrysler Bldg.
405 Lexington Ave., 47th Floor
New York, NY 10174
Phone: (212) 758-3131
Fax: (212) 980-1977
E-mail: info@cresapartners.com
Web site: www.cresapartners.com

Officers:
William Goade, Chairman; Gerald Porter, Vice Chairman; Michael Dow, President/CEO

Total Amount of Investment Sales & Leasing Transactions: $4.1 billion
--Leasing Transactions: $4.1 billion


16. Spaulding & Slye Colliers
255 State St.
Boston, MA 02109
Phone: (617) 531-4100
Fax: (617) 531-4280
Web site: www.SpauldSlye.com

Officers:
James B. Karman, Chairman/CEO; David A. Neskey, Vice Chairman; Richard H. Cross III, President

Total Amount of Investment Sales & Leasing Transactions: $3.6 billion
--Investment Sales: $896.7 million
--Leasing Transactions: $2.7 billion


17. Century 21 Real Estate Corp.
One Campus Dr.
Parsippany, NJ 07054
Phone: (973) 496-7906
Fax: (973) 496-5537
E-mail: C21CIN@aol.com
Web site: www.century21.com/commercial

Officers:
Van Davis, President/CEO; Jake Stanton, Sr. VP, Franchise Support; John Greenleaf, Sr. VP, Marketing

Total Amount of Investment Sales & Leasing Transactions: $2.5 billion
--Investment Sales: $2.47 billion
--Leasing Transactions: $4.5 million


18. Jones Lang LaSalle
200 E. Randolph.
Chicago, IL 60601
Phone: (312) 782-5800
Fax: (312) 228-0360
Web site: www.joneslanglasalle.com

Officers:
Earl E. Webb, CEO, Americas; Peyton H. Owen Jr., COO, Americas; Mark Rose, CFO, Americas

Total Amount of Investment Sales & Leasing Transactions: $1.96 billion
--Investment Sales: $1.96 billion


19. Lincoln Property Co.
500 N. Akard, Suite 3300
Dallas, TX 75201
Phone: (214) 740-3300
Fax: (214) 740-3441
Web site: www.lincolnproperty.com

Officers:
Mack Pogue, Chairman; Tim Byrne, President/CEO, Residential Division; Bill Duvall, President/CEO, Commercial Division

Total Amount of Investment Sales & Leasing Transactions: $1.68 billion
--Investment Sales: $675 million
--Leasing Transactions: $1 billion


20. Voit Commercial Brokerage
21700 Oxnard St., Suite 350
Woodland Hills, CA 91367
Phone: (818) 593-6330
Fax: (818) 593-6164
Web site: www.voitco.com

Officers:
Robert D. Voit, President/CEO; David Allison, Exec. VP; Robin Rousselet, CFO

Total Amount of Investment Sales & Leasing Transactions: $1.3 billion
--Investment Sales: $855.6 million
--Leasing Transactions: $457.2 million

21. Burnham Real Estate Services
4435 Eastgate Mall, Suite 200
San Diego, CA 92121
Phone: (858) 452-6500
Fax: (858) 452-3206
E-mail: hillestad@burnhamrealestate.com
Web site: www.burnhamrealestate.com

Officers:
Stath Karras, President/CEO; Kit Sparks, CFO; Mike Philbin, Sr. VP

Total Amount of Investment Sales & Leasing Transactions: $1.27 billion
--Investment Sales: $696.1 million
--Leasing Transactions: $574.5 million

22. GVA Williams
380 Madison Ave.
New York, NY 10017
Phone: (212) 716-3528
Fax: (212) 557-1981
Web site: www.gvawilliams.com

Officers:
Michael T. Cohen, President; Robert L. Freedman, CEO; Andrew Roos, Sr. Exec. VP

Total Amount of Investment Sales & Leasing Transactions: $1.25 billion
--Investment Sales: $122 million
--Leasing Transactions: $1.1 billion

23. Sperry Van Ness
18881 Von Karman, Suite 800
Irvine, CA 92612
Phone: (949) 250-4100
Fax: (949) 553-1697
E-mail: sellanis@svn.com
Web site: www.svn.com

Officers:
Mark Van Ness, CEO; David Frosh, President; John Hammack, COO

Total Amount of Investment Sales & Leasing Transactions: $1.2 billion
--Investment Sales: $1.2 billion

24. GVA Beitler Commercial
825 S. Barrington Ave.
Los Angeles, CA 90049
Phone: (310) 820-2955
Fax: (310) 820-7224
Web site: www.beitler.com

Officers:
Barry Beitler, President; Jeff Katofsky, COO; Robert Sargent, CFO

Total Amount of Investment Sales & Leasing Transactions: $937 million
--Investment Sales: $537 million
--Leasing Transactions: $400 million

25. Signature Associates - ONCOR International
One Towne Square, Suite 1200
Southfield, MI 48076
Phone: (248) 948-9000
Fax: (248) 948-9015
E-mail: info@signatureassociates.com
Web site: www.signatureassociates.com

Officers:
Steve Gordon, President; John Boyd, Exec.VP; John Gordy, Sr. VP

Total Amount of Investment Sales & Leasing Transactions: $909.7 million
--Investment Sales: $167 million
--Leasing Transactions: $742.7 million